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NEW YORK ( TheStreet) -- American Water Works (NYSE: AWK) hit a new 52-week high Thursday as it is currently trading at $32.86, above its previous 52-week high of $32.78 with 469,800 shares traded as of 12:34 p.m. ET. Average volume has been 991,500 shares over the past 30 days. American Water Works has a market cap of $5.6 billion and is part of the utilities sector and utilities industry. Shares are up 1.8% year to date as of the close of trading on Wednesday. American Water Works Company, Inc. provides water and wastewater services to residential, commercial, industrial, public, and other customers in the United States and Canada. The company has a P/E ratio of 19.4, above the average utilities industry P/E ratio of 18.1 and above the S&P 500 P/E ratio of 17.7.